Boost the economy by shopping locally

(WPRI) -- Big retailers have Black Friday, online companies have Cyber Monday, and local retailers have Small Business Saturday, but many Rhode Island companies are hoping that it lasts longer than one day.

Wherever you decide to do your shopping this holiday season, local businesses are encouraging you to spend their money where it counts the most - here in the Ocean State.

When one thinks about holiday shopping, what usually comes to mind is packed malls, big box retailers rolling out the bargains, and customers pushing their way through long lines.

But local retailers don't want you to forget about them, and say that supporting local businesses is a gift that keeps on giving.

"The statistics show that 68 to 70 cents of every dollar is reinvested into your local community, as opposed to 46 cents in big box stores," said Jody Sullivan, Executive Director of the Newport County Chamber of Commerce.

In fact, there's such a large push to get you to shop locally that there have been countless studies that show buying local is good for the economy.

According to one report, locally-owned businesses generate 70 percent more local economic impact per square foot than chain stores. Small businesses also generate more tax revenue than they cost in services.

"It's personal, it's different, you're supporting your local neighbor, it's a continuing effort, and not just the holidays," added Sullivan.

Regardless of where you decide to shop, the head of the Rhode Island Retail Association is optimistic that with the good weather and Black Friday deals, this could be a good holiday season.

"It's a message from the consumer that they start to get their confidence back into the economy, even though we face a lot of problems as we face a new year, I think it's important that people show that they want to be part of this whole recovery," said RIRA Executive Director Paul DeRoche.

A lot of the local chambers throughout the state offer gift certificates in various increments that can be redeemed at local stores.